Here is a summarized version of the information on opening a block account in Germany for study visa and job seeker purposes, along with relevant details about the process and requirements:
1. **Required Amount for a Blocked Account in 2023:**
- €11,208.00 for a one-year stay in Germany, equivalent to €934 per month, with the possibility to withdraw €934 per month.
2. **Recommended Banks for Blocked Account:**
- Coracle
- Fintiba
Both banks are widely used by students and approved by the German Federal Foreign Office, accepted by all German Embassies and Consulates.
3. **Opening a Block Account with Coracle Bank:**
- Normal Block Account Price: €99 for up to 1 year with no monthly fee.
- Coracle Prime: Includes a block account, health insurance, and travel insurance, all for €59 with no monthly fee.
4. **Requirements for Coracle Account:**
- Admission offer letter
- Passport
5. **Opening a Block Account with Fintiba Bank:**
- Block Account Price: €147.80 (€89 setup + 12 x €4.90 monthly)
6. **Requirements for Fintiba Account:**
- Valid Passport
7. **Online Application Process:**
- The application process can be completed online within hours.
8. **Transferring Payment to German Bank Account:**
- Once the block account is set up, you can transfer money from your local bank account to the German account through various online services, credit cards, online banking, net banking, or with the assistance of your bank.
- You will receive a confirmation statement from the provider that you need to present to the German embassy.
9. **Using the Block Account:**
- The block account is essential for study visa purposes and for individuals seeking employment in Germany.
10. **Purposes for the Block Account:**
- Study Visa: For students
- Job Seeker Visa: For those looking to secure employment in Germany without a prior job offer.
It's crucial to follow these steps to ensure you meet the financial requirements for your visa application and subsequent stay in Germany.
0 Comments